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BigWalrus

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Everything posted by BigWalrus

  1. Is this covered in the debtors....what we're owed.... The amount within debtors relates to the transfer fees on players sold, which we are still owed. The timing of receipt of the cash has no bearing on the profit or loss on the transfer.
  2. It's not "normal operating costs though" - it's replacing our star striker with TWO star strikers! And yes, clubs should only spend their profits. Why should one club be allowed to be sustained like a plaything by a rich Arab, whilst others have to live within their means, despite bringing in similar levels of revenue? If you sell your best players but replace them with more players and better players, that isn't going backwards. I take it you'd like to see us ditch Cabaye, Ba, Cisse et al and re-sign Barton, Nolan and Carroll - all of whom are playing for clubs below us in the league table.
  3. You can offset them if they're with the same bank, but I don't know whether they are or not. Just downloaded the accounts - there isn't a cash note (which is normal) and there definitely isn't a £10m balance shown on the face of the balance sheet.
  4. Dream situation would be for us to finish 5th, Chelsea to drop to 6th and lose in the final to Everton. Chelsea then don't even get a European spot. Edit...unless they win the Champions league, in which case we could even miss out finishing 5th, I think!
  5. MA doesn't even treat it as a loan. He treats it as part of his purchase price for the club. The only way it will disappear will be if the club is sold and the loan written off.
  6. It can get quite complicated. But here's a simple example. We sign Fred Bloggs for £10m. He is on a 5 year contract, so we add his transfer fee to the books at £10m (as an intangible asset), and account for £2m of it each season. If we sell him when he's 4 years into his contract, he will be "valued" at £2m. If we sell for more than £2m, the excess will be profit. If we sell for less than £2m, we make a loss. Additionally, if we work out after a year that he's actually Xisco in disguise, we might have grounds for writing off his entire contract in one go, taking the hit straight away (I believe we've already done this with Xisco and Alan Smith). http://en.wikipedia....ki/Depreciation Sadly, this doesn't change the fact that if you want success in football, you back your manager and a big club like NUFC with the 14th biggest revenues in the game ought to be able to hand the entire cash from a sale to its manager and back him in this way. The cash doesn't just go on the transfer fee though - it's on the wages too. So, we sell Carroll for £35m, also saving £40k per week in wages. Over the four years of his contract remaining, this gives us around £43m net benefit. We then pay £6m in fees for Ba, plus around £50k per week (after bonuses, ish). £50k per week on 3 year deal is £7.5m We then pay £10m for Cisse, plus around £50k per week (after bonuses, ish). £50k per week on 5 year deal is £12.5m Already we have spunked £36m on those two players, when you take the wages into account. And I've not even considered Cabaye, the permanent Ben Arfa signing, Tiote's new deal, Coloccini's new deal, Krul's new deal... Liverpool worked it in the same way. They got £50m for Torres, so spent £35m on transfer fee and allowed £15m on Carroll's wages. Financial prudence is the way to go now.
  7. This bit has always seemed confusing. MA is owed £140m - easy. In the creditors note, we show a £140m balance under term loans - fine. We have a positive cash balance of £9.5m - easy Yet in the creditors note, we show a £2m overdraft. And no positive cash balance on the balance sheet. Need to have a better look at the numbers elsewhere, but they don't appear to reconcile very easily.
  8. That was a Mike Ashley cash injection. His loan balance increased slightly to cover it. Mike Ashley made no cash injection this year...or at least only a very small one.... So he didn't, after all. I may be confusing it with the season before, when he pumped in cash to stop us going over our overdraft limit (paying £60k a week out to several players in the Championship).
  9. It can get quite complicated. But here's a simple example. We sign Fred Bloggs for £10m. He is on a 5 year contract, so we add his transfer fee to the books at £10m (as an intangible asset), and account for £2m of it each season. If we sell him when he's 4 years into his contract, he will be "valued" at £2m. If we sell for more than £2m, the excess will be profit. If we sell for less than £2m, we make a loss. Additionally, if we work out after a year that he's actually Xisco in disguise, we might have grounds for writing off his entire contract in one go, taking the hit straight away (I believe we've already done this with Xisco and Alan Smith).
  10. Is it me, or does Suarez look like a squirrel?
  11. Williamson had a decent game against Carroll at Anfield. They battered each other physically, but I can only remember Carroll managing two decent headers (one of which smashed the crossbar)
  12. That was a Mike Ashley cash injection. His loan balance increased slightly to cover it. Thanks for that. Do they give details about how much is in the club account? As in the club bank account? I'm not sure off the top of my head and don't have a set of accounts to hand. But the numbers tend to be quite large at year end, as most of the season ticket money has come in (although that may change as more people take up direct debit options...). Arsenal, for instance, have a massive cash balance, but it reduces gradually all year as they spend it on player wages. It's not like a normal business where they're generating cash evenly throughout the year. Football cash flows are heavily impacted by seasonality.
  13. Williamson more to blame. He made the decision to shield the ball (rather than lump it) as soon as he was put under pressure. He had several opportunities to get rid, but continued to shield it. Krul could have perhaps moved forward to claim the ball, but he really shouldn't have needed to. It's a shame, as Williamson didn't have too shabby a game otherwise.
  14. That was a Mike Ashley cash injection. His loan balance increased slightly to cover it.
  15. The above crude drawing demonstrates the boundaries of the mackem domain. Vote for me, and I will build a wall, sealing off the area coloured in red. If you are from anywhere outside of the red zone, you are permitted (and expected) to support Newcastle United.
  16. Somethings brewing with him. Rodney marsh was on TalkSport yesterday laying into him saying he's taking them down and they need rid Hel be gone in the summer He'll probably end up signing for the mackems. Perfect sort of player for them.
  17. If we didn't have Tim Krul, we would have conceded hundreds and hundreds of goals and would already be nailed on certainties for relegation. Silly argument.
  18. Love the photo of Thompson! And that's only at 2-2...
  19. Watched it on a stream. Liverpool, other than a spell late in the first half, were by far the better side...that is until QPR took Joey Barton off. Once Barton was removed, they were like a brand new side, and Liverpool crumbled. Brilliant result, and thanks must go to Jose for that brilliant mistake at the end.
  20. Exactly, so where has the Swiss Rample plucked these 11/12 numbers from... The only mention In the accounts is the one I referenced above of £8.5m spent since and £7.25m pulled in. I guess he's going off press estimates. It's certainly not shown in any official release. The club release audited interim figures to UEFA, which are required to prove that they continue to be a viable business / club. These are not in the public domain though, so it might be some inside knowledge.
  21. He's a guy that gets more pleasure out of being right on the internet than seeing the team do well, he's even gone as far as posting smilies after West Brom equalised in the final game of last season meaning we finished in the bottom half. I don't think he's got any pleasure out of this season and won't until Mike Ashley matches all of the finishes the club had under Keegan and Robson. He likes to tell you about it too, preferably as often as possible in as many different threads as possible. Sounds a bit like the guy who used to sit in front of me at the match. His particular scapegoat was Laurent Robert...who then duly scored two absolute screamers against Spurs. The stubborn b*stard refused to celebrate the goals, much to the delight of all around him.
  22. £40k is nowt, really. And the "incident" was nowt too. I don't see how a £40k fine is going to prevent it happening again. Does anyone really believe that Pardew is going to call an emergency meeting and tell the players to stop standing up for themselves, when the opposition wipes them out, from now on?
  23. Not having been a member here long, what's the deal with LeazesMag. Is he a know-it-all, know-nothing?
  24. O'Neill's football style is not the most attractive, but I think it's clear he's had a positive impact there. Agent Bagpuss had the same core group of players but wasn't getting any results, and the football was hardly anything to write home about. MON has come in and galvanised the team and made them all work for each other. In terms of putting the opposition under pressure (when SAFC don't have the ball), they're one of the best teams in the league. However, this requires a ridiculous amount of effort, week in, week out, and will no doubt cause fatigue injuries. Once the work rate dips, there is a lack of genuine quality to get them out of jail. They're not relegation fodder, but I don't think they're good enough for the top 6 just yet. MON's signings so far (Wayne Bridge and Kyriakos [sp?]) don't really instil any fear in me. If I was a mackem, my worry would be that O'Neill will bugger off when there's no money to spend. He seems to a little bit mentally unstable and I could see him "doing a Keegan" resulting in separation of toys from pram.
  25. Bloody hell. It's fans like you who give us the "deluded" name. We are struggling at the moment because we have a small squad, with our key players risking burnout. We are struggling because Williamson is nowhere near the player Steven Taylor is. What exactly would you do differently that would catapult us further up the league? We're struggling due to the shite tactics on offer from Pardew.
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